August 16, 2003 |
When most of the East Coast went dark Thursday, a Frito-Lay factory in Queens and a Harbec Plastics plant near Rochester, N.Y., stayed up and running. And on Friday, Capstone Turbine Corp.'s shares soared 23%. The connection, which Capstone trumpeted in a press release: The Chatsworth-based company made the refrigerator-sized microturbine generators that kept the lights on at Frito-Lay and Harbec Plastics. For Capstone, the power failure provided a badly needed boost.
November 1, 2002 |
Cost cutting helped Capstone Turbine Corp. narrow its losses by nearly 14% in the third quarter but the company said Thursday that market conditions are so bleak that it has suspended offering forecasts for the fourth quarter and beyond.
October 29, 2002 |
Capstone Turbine Corp. said Monday that industrial giant United Technologies Corp. has agreed to purchase nearly 5% of the once-highflying maker of power generators, which has been short-circuited by a blackout of investor interest. Chatsworth-based Capstone also said its chairman and chief executive, Ake Almgren, would retire and that it expects to post another in a long string of losses when it releases its third-quarter earnings Thursday.
June 18, 2002 |
There may be a lot of bargains on Wall Street these days but perhaps none like Capstone Turbine Corp., the Chatsworth-based maker of high-tech power generators. The stock market has so soured on Capstone that a clever suitor might be able to acquire the company for free. That's because the amount of cash Capstone has on its books--$164.4 million--is significantly more than its $123-million stock market value as of Monday and its $12 million in liabilities.
October 11, 2001 |
Once the darling of investors looking for a bright spot in the midst of the energy crisis, Capstone Turbine Corp. saw its shares plunge nearly 31% on Wednesday after disclosing that sales of its electrical mini-generators will be only a fraction of previous expectations. Capstone's shares traded at more than $37 as recently as May, when the state faced the prospect of rolling electricity blackouts and businesses were scrambling to find reliable sources of power.
July 13, 2001 |
Capstone Turbine Corp. has been awarded $3 million by the Department of Energy to develop more energy-efficient power generators. Chatsworth-based Capstone manufactures refrigerator-size microturbines that produce 30 to 60 kilowatts of electricity--enough to power a fast-food restaurant, a hotel or a small office building.